06:55 AM EDT, 04/25/2024 (MT Newswires) -- Microsoft ( MSFT ) is slated to report its Q3 results in the after-hours today, and analysts polled by Capital IQ are expecting the company to report a profit of $2.84 per share on revenue of $61 billion.

Microsoft ( MSFT ) is mixed in its trading pattern between the sessions, cutting back its extended-hours trade in next-day action in 41 of 80 quarterly earnings events tracked over the last 20 years.

MSFT is usually not a stock that benefits longs. In fact, it generally favors cutting back its extended-hours gains in the following day's regular session and adding to its downside evening moves. MSFT has recorded 43 earnings-driven off-hours gains in 80 quarters we've tracked. In 25 of those upside extended-hours moves the stock has narrowed or reversed course the following regular session (58% of the time).

MSFT has declined 37 times in the after-hours following earnings, and in 20 of those quarters it has added to its downside move the following day (54% of the time).

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